3-Step Success Formula for Medical Practice Annual Review
eGuide
The practice annual review. Something independent practice owners almost universally recognize as a priority. But how do you effectively assess the health of the business side of your practice, and spot and treat issues almost certainly lurking somewhere in the numbers?
Beyond required year-end financials and taxes – and reviewing a few key numbers – what does an effective yearend review look like?
Annual Review 3-Step Success Formula
In simple terms, you need to understand three important things about your practice: 1) the current state of your clinic business: 2) where it’s headed (and how fast): and 3) whether it’s fulfilling its core purpose. We call it look at the pics, watch the movie, and ponder the plot.
This three-step formula provides a framework to assess these three important aspects of your practice, covering all the key items that require your scrutiny, without getting bogged down in detail overload.